Science Based Targets Criteria and Recommendations TWG-INF-002 | Version 5.0 | October 2021 sciencebasedtargets.org @ScienceTargets /science-based-targets info@sciencebasedtargets.org SBTi Criteria and Recommendations Science Based Targets Criteria and Recommendations TWG-INF-002 | Version 5.0 | October 2021 sciencebasedtargets.org @ScienceTargets /science-based-targets info@sciencebasedtargets.org Partner organizations Table of Contents I.I Target boundary 4 I.II GHG coverage 4 I.III Scope coverage 4 I.IV Emissions coverage 5 IV.I Timeframe 7 V.I Scope 1 and 2 near-term targets 8 V.II Scope 3 near-term targets 8 V.III Combined targets 9 V.IV Renewable electricity targets 10 V.V Fossil fuel sales, distribution, and other business 10 Science Based Targets Criteria and Recommendations TWG-INF-002 | Version 5.0 | October 2021 sciencebasedtargets.org @ScienceTargets /science-based-targets info@sciencebasedtargets.org Partner organizations SBTi Criteria and Recommendations TWG-INF-002 | Version 5.0 | October 2021 1. Introduction All of the criteria listed below must be met in order for target(s) to be recognized by the Science Based Targets initiative (SBTi). In addition, companies must follow the GHG Protocol Corporate Standard, Scope 2 Guidance, and Corporate Value Chain (Scope 3) Accounting and Reporting Standard. SBTi recommendations are important for transparency and best practice, but are not required. These criteria apply only to companies that are not classified as financial institutions and Small and Medium Enterprises (SMEs). Financial institutions can set targets using the SBTi criteria and guidance for financial institutions. SMEs should use the streamlined process to set targets in line with climate science. The Target Valida...
